Form 4: Academy Sports & Outdoors Executive Chairman Ken C. Hicks Reports Stock Transactions
SEC Form 4 Filing
Ken C. Hicks, Executive Chairman of Academy Sports & Outdoors, reports the vesting and conversion of restricted stock units into common stock.
Summary
- On March 30, 2024, Ken C. Hicks converted 1,244 restricted stock units into common stock.
- On March 31, 2024, he converted an additional 1,274 restricted stock units into common stock.
- On April 1, 2024, 1,249 shares were disposed of at a price of $67.54.
- Following these transactions, Hicks directly owns 493,582 shares of common stock.
- The restricted stock units were granted under the company's 2020 Omnibus Incentive Plan and vest based on performance criteria and/or stock price conditions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Reporting Person was granted 61,133 PRSUs. |
| 01/31/2021 | Vesting Commencement Date for 61,133 PRSUs. |
| 03/02/2022 | Issuer's compensation committee certified 100% achievement of the performance criteria during fiscal 2021. |
| 03/30/2022 | Reporting Person was granted 63,760 performance-based restricted stock units (PRSUs). |
| 01/30/2022 | Vesting Commencement Date for 63,760 PRSUs. |
| 03/01/2023 | Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022. |
| 01/30/2026 | Date to certify achievement of certain Issuer stock price conditions for remaining unearned amount of 63,760 PRSUs. |
| 03/30/2024 | Conversion of 1,244 restricted stock units into common stock. |
| 03/31/2024 | Conversion of 1,274 restricted stock units into common stock. |
| 04/01/2024 | Disposal of 1,249 shares at $67.54. |
| 03/31/2031 | Expiration Date for Restricted Stock Units. |
| 03/30/2032 | Expiration Date for Restricted Stock Units. |
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